Around £140 million worth of tokenized real estate project launched by UK-based property developer Knight Dragon.
Crypto & blockchain technology adoption is increasing rapidly because of the unique technology and its use case. In the last couple of years, the crypto industry saw a trend of NFTs concept-based projects. Due to better advocacy, the crypto industry is shifting more smoothly toward the traditional financial & tech fields. In particular, the NFTs concept emerged as a unique concept to introduce tokenized digital properties and now this concept is entering, directly and indirectly, the real estate market.
Knight Dragon is a UK-based property developer. Yesterday, the Property developer announced its £140 million valuation-backed first property tokenization project launch in London, UK.
The project was launched with the help of its subsidiary KD Tokens Limited (KD tokens). The company tokenized the property in 191-unit Building 4 which forms part of the Upper Riverside Development, according to a press release shared with Finbold on June 21.
The press release noted that KD Tokens already minted tokens KDB4 with holders. Holders are expected to grab 80% of the gross profit from this project. The legal documents are showing that tokens will act as securities for the holders, which means they will be digital tokens backed by real-life property but will be different from crypto assets because these tokens promise to give a return on investment. To develop the tokens, the project secured the support of Atom 8 Limited, a Web3 technical consultant.
Sammy Lee, the founder of this company, shared the plan of the company and noted that they will try to expand the project to other regions globally.
Lee said:
“In the same way an asset can be securitized by dividing it into shares, tokenization allows an asset to be divided into individual tokens. The tokens represent a specific share of an underlying asset. In this case, ownership of KDB4 Tokens will represent a fractionalized interest in a contractual right to share in the gross profit of Building 4.”
Read also: Newly approved bill allow Louisiana banks to provide crypto custody services
A property developer launches the first tokenized real estate project in the UK
https://bitcoinik.com/a-property-developer-launches-the-first-tokenized-real-estate-project-in-the-uk/feed/
https://bitcoinik.com/a-property-developer-launches-the-first-tokenized-real-estate-project-in-the-uk/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges: Binance Coinbase Kraken Bitfinex
EXPLOSIVE LTD is an investment company specializing in financial market trading. Our preferred market is commodities: EXPLOSIVE LTD have developed accurate expertise in trading gold, silver, crude oil, natural gas.
🔥 Explosive-X
Signup link: https://explosive-x.io/?ref=devplus
Started: 01/06/2022
💰 Investment Plans: 4% daily for 25 days (principal return end of the cycle)
Cancel Deposit after 24 hours with a 15% fee
Withdrawal: Manual (Max 12 hours)
📥 Minimal deposit: $10 – Maximum deposit: $50.000
📥 Minimal withdraw: PM $1 , BTC $10 ,LTC $5 ,ETH $20
XRP $5 ,DOGE $5 ,USDT ERC20 $20 ,TRX $5 ,XLM $5
USDT (TRC20 BEP20) $5 , USDT TRC20 5$ , BNB $5 ,BCH $5
🤝 Referral program: 6% – 2%
Career Bonus:
$1000 Direct active referrals: $40 Bonus
$2500 Direct active referrals: $100 Bonus
$5000 Direct active referrals: $250 Bonus
$15,000 Direct active referrals: $600 Bonus
$50000 Direct active referrals: $2500 Bonus
Sign Up : https://explosive-x.io/?ref=devplus
—————————————————————————————————————-
BN Trust
📣24 hours trading, every two hours, you can earn more than 5% profit per day
Invest $100 (30 days) and get $432
Invest $300 (30 days) and get $1297
Invest $500 (30 days) and get $2161
Invest $1000 (30 days), get $4320
Invest $5,000 (30 days) and get $21,610
Invest $10,000 (30 days) and get $43,200
💵Minimum deposit amount is $20.
The minimum withdrawal amount is $10.
Cash out anytime!
The higher the capital, the more you earn
🖇Operation registration link https://www.bn-trust.com/#/register?sharecode=kBrco2
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
